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Fraud and Corruption Risk Management 2012
Fraud and Corruption Risk Management 2012
Fraud and Corruption Risk Management 2012
Fraud and Corruption Risk Management 2012
Fraud and Corruption Risk Management 2012
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Fraud and Corruption Risk Management 2012

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  • 1. 13 -14 March 2012 Global Prospectus Training Centre Unit 5 Ferndale Mews, 15 Dover Street, Randburg , JHB SETA Accreditation No. 2502 THINKING BEYOND THE OBVIOUS Fraud and Corruption Risk Management Workshop
  • 2. BENEFITS OF ATTENDING • Learn the difference between inherent and residual risks and means of overcoming both • Understand risk factors to fraud mitigation and how it varies depending on nature of business • Rank the levels of fraud risk applicable to an organisation using continual reassessment protocols, cost/benefit analysis and more • Apply tools and techniques to identify potential integrity deficiencies and recommend control enhancements • Compare generic with entity-specific measures to decide on the best one to implement • Identify appropriate response mechanisms and come up with remediation actions to deal with fraud risk • Develop supplier/service provider and client integrity monitoring • Leverage on computer forensics in an investigation to preserve, recover and search data • Implement forensic accounting to gain an overview of creative accounting techniques YOUR FACILITATOR Pat Cunningham Pat is the Managing Member of Cerberus Risk Consultants engaged in financial crime prevention, corporate governance, risk management and ethics awareness, anti-money laundering training and workshops throughout Africa as well as offering employee screening services. He retired at the beginning of 2011 as Executive Director of the South African Fraud Prevention Service, a position he held from 2000 when he was appointed to start the service by the major banking and retail credit grantors in South Africa. Pat is the part time Executive Director for Africa and the Middle East for the ATM Industry Association (ATMIA) He is also a Director of 360 Global, a UK based company associated with the insurance claims industry. Pat holds a degree in law, an associate degree in Risk Management and is a Fellow of The Society of Risk Managers (South Africa). He has also attended Senior Management programmes at Stellenbosch University Business School as well as programmes in criminal law at University of KwaZulu Natal. Pat was born in the UK, and went to Zimbabwe in 1963 and then to South Africa in 1979 to join the Sentrachem Group. In 1984 Pat joined the Boumat Group of companies and spent 12 years as Group Risk Manager before joining South African Breweries as Divisional Risk Management Consultant in SAB’s South African Beer Division. He left SAB to start the South African Fraud Prevention Service. He has been a guest lecturer on Corporate Governance at several Business Schools and educational institutions. He has developed workshops and presented programmes in London, Sydney, Nairobi, Kampala, Lusaka, Accra, Dar es Salaam, Victoria Falls, Johannesburg, Windhoek, Gaberone and Cape Town as well as to the Lesotho Revenue Authority, the Social Services Commission of Namibia and The Reserve Bank of Botswana. In December 2008 he presented a paper on identity crime in the Southern African context at the International Scientific and Professional Advisory Council of the United Nations Crime Prevention and Criminal Justice Programme in Courmayeur, Italy and which was later published in the official journal of ISPAC. He has also appeared on numerous television and radio programmes both in South Africa, the United Kingdom and Africa generally with regard to fraud prevention and has been regularly quoted in the South African print media. Pat is listed in the prestigious publication Who’s Who in Southern Africa and he is the recipient of the Spirit Award from the Bank of America. Fraud is a serious risk that all businesses need to manage, especially in today’s globalised economy, where fraud and corruption can easily create a domino effect causing serious financial and reputational loss. Instances of corporate fraud and misconduct undermine stakeholders’ already fragile trust in these uncertain economic times. Thus it is important that businesses not only recognise the problem but also set out clear procedures to proactively deal with both issues. A broad ranging fraud risk management programme is crucial in this respect, enabling appropriate compliance with regulatory requirements and guiding businesses in aligning corporate values and objectives to minimise fraud risks. This 2-day intensive workshop will address key components of Fraud & Corruption Risk Management, equipping you with practical knowledge about the essential components of an effective fraud and corruption risk management strategy, vulnerable areas of risk, profiles of common fraudsters and empower you to develop an appropriate fraud policy and response plan according to your risk appetite. At the end of the workshop, benefit from the active participation via hands-on sessions and highly-relevant, in-depth case studies to bring back effective strategies that are fully implementable to combat and protect your business against fraud. What happens when control systems fail and fraud occurs in your organisation? WHO SHOULD ATTEND • Directors and Managers in charge of fraud • Risk Management, Finance, Compliance, Security, Forensic Accounting • Internal and External Audit • Legal Counsel and Executives responsible for preventing Fraud and Corruption OVERVIEW GLOBAL PROSPECTUSTRAINING (PTY) LTD. Tel:Johannesburg - +27 11 781 6222 Fax: +27 11 781 6044 Tel:Pietermaritzburg - +27 33 391 4229 Fax: +27 33 391 5722 Chief Executive O er - Dhevaraj Pillay Marketing - m2@globalprospectus.co.za Design - www.designmaster.co.za (071 018 8355) Auditors - Russell Bedford SA (Jhb) Inc. Legal - DA Morris & Associates
  • 3. Session 1 Apart from the financial implications of integrity failures, which can be severe, the fallout from a reputational perspective can be disastrous. During this session, we will address the following concepts: • What is corruption and why is it a problem? • The link between fraud and corruption • Profiling possible perpetrators and identifying their motivations Session 2 The solution to managing fraud and corruption risk optimally lies in an integrated pro-active approach to identifying, assessing, mitigating and monitoring fraud and corruption risks. Components of the Fraud and Corruption Risk Management Approach: • Fraud and Corruption Risk Assessment • Developing & implementing an Integrated Fraud and Corruption Risk Management Strategy • Developing an Incident Response Strategy • Maintaining an ongoing Monitoring Programme Understanding risk factors to fraud and corruption mitigation and how it varies depending on nature of business. Session 3 Fraud and Corruption Risk Assessment Methodology and Techniques Existing controls, thresholds and procedures should be assessed regularly and improved if insufficient. Although it is not always possible to eradicate risk areas, knowing your vulnerabilities enables you to prevent or detect integrity failures early on. Understanding key elements of an effective fraud and corruption risk assessment process: • Risk identification • Risk analysis • Risk treatment • Analysing areas in the fraud and corruption risk assessment with common deficiencies • Applying the assessment process to develop a fraud & corruption risk assessment for a company • Rank the levels of fraud and corruption risk applicable to an organisation using continual reassessment protocols, cost / benefit analysis and more. Session 4 Developing and Implementing an Integrated Fraud and Corruption Risk Management Strategy As an organisation, how do you: • Ensure the integrity of your business processes and that appropriate measures are in place? • Mitigate the many integrity risks that can exist? • Importance of an integrated strategy • The components of an Integrated Fraud and Corruption Risk Management Strategy: o A risk governance structure and risk assessment methodology o Pro-active fraud and corruption management measures o Reactive measures, such as an incident response plan. Applyingthetoolsandtechniquestoidentifypotentialdeficienciesandrecommendcontrolenhancements. Session 5 Pro-active Fraud and Corruption Management Measures Prevention is always better than cure. Managing the risk and consequences of fraud and corruption requires one to have in place appropriate pro-active fraud and corruption management measures. Generic measures vs. Entity specific measures • Ethics • Whistle blowing • Employee support programmes • Fraud awareness training Enabling policy and procedure environment COURSE AGENDA GLOBAL PROSPECTUSTRAINING (PTY) LTD. Tel:Johannesburg - +27 11 781 6222 Fax: +27 11 781 6044 Tel:Pietermaritzburg - +27 33 391 4229 Fax: +27 33 391 5722 Chief Executive O er - Dhevaraj Pillay Marketing - m2@globalprospectus.co.za Design - www.designmaster.co.za (071 018 8355) Auditors - Russell Bedford SA (Jhb) Inc. Legal - DA Morris & Associates
  • 4. PROGRAMME SCHEDULE 08:30 - 09:00 Registration and early morning tea 09:00 - 10:30 Opening remarks and morning session 10:30 - 11:00 Mid-morning refreshments and networking break 11:00 - 12:30 Mid-morning session 12:30 - 13:30 Networking luncheon 13:30 - 15:00 Afternoon session 15:00 - 15:30 Closing remarks and afternoon refreshments All timings are approximate due to the interactive nature of the course. Session 6 Developing an Incident Response Strategy It is all too familiar that organisations go into crisis mode when their integrity had been compromised. Proper planning can help you take the right actions to mitigate your exposure when an incident occurs. • A decision framework of appropriate response actions in specific situations • Enabling policy and procedures to facilitate incident resolution • Managing the consequences of an incident • Identifying appropriate response mechanisms: - developing remediation actions to fraud and corruption risk • Defining relevant reporting, cooperation and escalation protocols pro-actively Identifying the coordination needed between Audit, Compliance, Legal and an external investigator when an incident occurs. Session 7 Maintaining an Ongoing Monitoring Programme If you are reliant on suppliers/service providers who are able to operate with little or no oversight, you run the risk of your suppliers/service providers taking advantage of various schemes that may be contrary to your interests. If you are a supplier/service provider to other organisations, you may want to ensure that your own procurement and manufacturing/service delivery processes do not expose you to risks associated with your upstream clients. A practical approach to developing and implementing an ongoing monitoring programme. • Supplier/service provider and client integrity monitoring • Pro-active business and data analysis • Pro-active risk monitoring. Session 8 Forensics and Latest Technologies in Investigations The field of forensic accounting is developing at a rapid pace to keep up with new technologies and business processes. It is therefore important to have an understanding of how one can employ new techniques and processes to assist in the fraud risk management process. • Using the forensic accounting approach to gain an overview of creative accounting techniques • Using computer forensics in an investigation to preserve, recover and search data • Implementing data analytics to detect and investigate fraud and corruption COURSE AGENDA... GLOBAL PROSPECTUSTRAINING (PTY) LTD. Tel:Johannesburg - +27 11 781 6222 Fax: +27 11 781 6044 Tel:Pietermaritzburg - +27 33 391 4229 Fax: +27 33 391 5722 Chief Executive O er - Dhevaraj Pillay Marketing - m2@globalprospectus.co.za Design - www.designmaster.co.za (071 018 8355) Auditors - Russell Bedford SA (Jhb) Inc. Legal - DA Morris & Associates
  • 5. Fraud and Corruption Risk Management Workshop 13 - 14 March 2012 Global Prospectus Training Centre Unit 5 Ferndale Mews, 15 Dover Street , Randburg , JHB Company Name: Type of Business: Address: Tel: Fax: VAT Number: TERMS & CONDITIONS The following terms and conditions will apply: Payment is required in full 5 days from date of invoice All payments to be made directly to Global Prospectus Training (PTY) Ltd. No seats will be reserved, unless Global Prospectus Training (PTY) Ltd. receives a signed registration form. GlobalProspectusTraining(PTY)Ltd. reservestheright,duetocircumstances beyond our control, to change speakers, program content, date & venue. The signed registration form is a legally binding contract. Cancellations All cancellations will be subject to approval by the management of Global Prospectus Training (PTY) Ltd.- All cancellations made 7 days prior to date of the above mentioned event will be subject to a 50% cancellation fee. Cancellations made within 7 days of date of the above mentioned event, will be subject to a 100% cancellation fee. The will be no refunds or credit vouchers. - Substitutions Delegates must inform Global Prospectus Training (PTY) Ltd in writing of any substitutions. There is no charge for substitutions. Global Prospectus Training (PTY) Ltd will not be held liable for incorrect Delegate details on Certi s, etc. in the event of substitutions being made on the day of the conference. In the event of Global Prospectus Training (PTY) Ltd having to cancel or postpone an event due to circum- stances beyond our control, delegates will be issued with a credit voucher, which may be used at another of our events. Global Prospectus Training (PTY) Ltd will not be held liable for travel and accommoda - tion costs. The conference fee includes: conference material, lunches and refreshments, but excludes travel & accommodation. Delegate 1: Position: E-Mail: Delegate 2: Position: E-Mail: Delegate 3: Position: E-Mail: Delegate 4: Position: E-Mail: Delegate 5: Position: E-Mail: AUTHORISATION: Signatory must be authorised to sign on behalf of Company Name: Position: Signature: Date: PAYMENT METHODS 3. Cheques - Made Payable to: Global Prospectus Training (PTY) Ltd. 2. Credit card - Please fill in your credit card details above1. Bank Transfer - Global Prospectus Training (PTY) Ltd. First National Bank: Randburg Account Number: 62109 270372 Branch Code: 254005 Fax Completed Registration Form To: +27 11 781 6044 Cardholder’s Name: Credit Card Number: CVC No: Expiry Date: CREDITCARD DETAILS GPW M4 Registration Form ONLYR6990Per Delegate,ex. VAT. GLOBAL PROSPECTUSTRAINING (PTY) LTD. Tel:Johannesburg - +27 11 781 6222 Fax: +27 11 781 6044 Tel:Pietermaritzburg - +27 33 391 4229 Fax: +27 33 391 5722 Chief Executive O er - Dhevaraj Pillay Marketing - m2@globalprospectus.co.za Design - www.designmaster.co.za (071 018 8355) Auditors - Russell Bedford SA (Jhb) Inc. Legal - DA Morris & Associates

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